Genpact Limited (G)
Quick ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 583,670 | 541,004 | 491,308 | 552,281 | 646,765 | 518,680 | 460,376 | 861,760 | 899,458 | 922,475 | 752,580 | 644,002 | 680,440 | 803,399 | 867,363 | 401,624 | 467,096 | 456,872 | 378,030 | 325,377 |
| Short-term investments | US$ in thousands | — | 3,270 | 4,024 | 3,330 | 5,372 | 4,970 | 4,418 | 4,910 | 5,839 | 5,169 | 3,915 | 7,404 | 8,774 | — | — | — | 1,784 | 1,555 | 1,774 | 3,275 |
| Receivables | US$ in thousands | 1,121,360 | 1,059,540 | 1,011,720 | 1,008,790 | 998,054 | 997,449 | 1,017,480 | 974,421 | 890,539 | 955,430 | 920,659 | 889,334 | 883,656 | 862,292 | 872,717 | 915,488 | 918,464 | 867,419 | 860,353 | 842,597 |
| Total current liabilities | US$ in thousands | 1,317,930 | 978,958 | 931,443 | 944,524 | 1,103,320 | 1,633,110 | 1,091,290 | 1,383,290 | 1,308,800 | 1,312,350 | 1,240,710 | 843,738 | 1,202,640 | 1,146,650 | 1,283,320 | 944,057 | 910,211 | 1,064,190 | 1,003,150 | 1,011,780 |
| Quick ratio | 1.29 | 1.64 | 1.62 | 1.66 | 1.50 | 0.93 | 1.36 | 1.33 | 1.37 | 1.43 | 1.35 | 1.83 | 1.31 | 1.45 | 1.36 | 1.40 | 1.52 | 1.25 | 1.24 | 1.16 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($583,670K
+ $—K
+ $1,121,360K)
÷ $1,317,930K
= 1.29
The quick ratio of Genpact Ltd has shown fluctuation over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In Q3 2023, the quick ratio was at its highest level of 1.91, indicating that the company had a strong ability to cover its short-term liabilities with its quick assets. This was a significant improvement from the previous quarter (Q2 2023), where the quick ratio was 1.88.
However, the quick ratio declined in Q4 2023 to 1.44, although it remained above the industry average of 1. This may suggest a slight weakening in the company's short-term liquidity position compared to the previous quarter.
Looking back over the past year, the quick ratio has generally shown an upward trend, with occasional fluctuations. The lowest quick ratio was observed in Q3 2022 at 1.07, which may have raised concerns about the company's short-term liquidity at that time.
Overall, while the quick ratio of Genpact Ltd has fluctuated, it generally indicates that the company has maintained a healthy liquidity position to meet its short-term obligations. It is essential for investors and stakeholders to continue monitoring these trends to assess the company's financial health accurately.
Peer comparison
Dec 31, 2023